After the return of the National Day, the domestic vinyl acetate market has experienced “Icefire”, although many market participants are full of confidence, they continue to rush to the top of 9,000 yuan, that the manufacturers increase, the supply of important factors that are insufficient, in late Melamine Powder October Vinyl acetate continues Sodium Hexametaphosphate its red-hot status at the end of September, but unfortunately, the market has changed dramatically. At a low price, vinyl acetate has entered the “cold house”, and the market has fallen in an accident.
From September 23 to October 9, Titanium Dioxide vinyl acetate prices in East China from 8500-8600 yuan / ton, accelerated to 8900-9000 yuan / ton, or around 400 yuan, from October 9 to today (October 13 Day), market prices fell back to around 8800-8850 yuan/ton. The market was quite surprised and screamed for help. From the perspective of supply, with the exception of Ham and South Korean goods, fixed shipments of Taiwanese goods were exported outside Hong Kong, and sources in the United States, Japan, and other countries in Northeast Asia were virtually extinct. Domestic stocks are mostly pre-holiday replenishment. After the holiday season, stockists are stumbling. There is limited availability of goods from all over the country. However, there is no support for vinyl acetate to continue to break through the 9,000-yuan mark. Why the market does not escalate, but does not rise? What a strange situation? The reason,
First of all, first of all, many people will certainly say that low-cost market disruption and Sinopec's price adjustment plan are still pending. A small number of businesses are taking the lead in reducing their prices by taking advantage of their own profits. Watch for it carefully, but secretly pray for Sinopec prices. However, on Tuesday, Sinopec did not accept the previous promise on Tuesday, and the final price increase was for some reason killed in the bud. The industry immediately panicked down the offer to seek goods.
Second, there is no bright spot for downstream demand. According to the usual practice, October was the traditional peak season for vinyl acetate. However, due to tightened currency liquidity of the country, most SMEs' financing was in trouble, while the “labor shortage” and “failure problem” also hindered downstream construction, coatings, etc. Terminal industry development space, terminal downstream adhesives, white latex, etc. The average operating rate of enterprises is about 4-5 percent, some SMEs take parking, sales and other measures to avoid profit margins. In the face of sharp price cuts in the past two days, users have delayed shipments or demanded goods on demand. The demand has continued to shrink.
Third, the panic mentality of traders, because the availability of goods is already scarce. Even though low prices appear, traders who are able to stick to the battlefield and do not make frequent moves to retreat will be able to maintain a high level of stalemate and not be afraid to look bearish. Accelerate the decline in market prices. So if the first two reasons are one-sided reasons, then this reason is the key factor.
Therefore, in summary, when the market conditions are not clear, it is difficult for the industry to grasp, and most of them will follow the market. Quotes remain volatile in the range of 8300-8900 yuan, but if today's East China rising "boots" landing, then supported by the cost, businesses will also eager to follow the manufacturers push up the trial offer, in a timely manner to obtain profits. At present, people in the market are confused and lack of clear judgments about the market outlook. They also have to maintain the “go one step, one step” operation mode.
